Category: IRS
“Tax Lady,” Sued by Calif Atty Gen For “Heartless Scheme” to Swindle Thousands of Taxpayers
Roni Deutch, television’s “Tax Lady,” was sued Monday for perpetrating a“heartless scheme” that swindled thousands of people across the nation into paying huge fees to stop the IRS from collecting back taxes, Kathy Kristoff reports in her Devil in the Details column.
“Tax Lady Roni Deutch…promises to significantly reduce [client's] IRS tax debts, but instead preys on their vulnerability, taking large up-front payments but providing little or no help in lowering their tax bills,” said California Attorney General Jerry Brown when announcing the suit.
Plastic Is Off The Menu In Some Restaurants That Want Cash Instead
Cash is king at local restaurants and bars struggling with a tight economy and small profit margins. To avoid paying credit-card fees and — shhh – maybe fudge income numbers for the tax collector — some merchants are treating credit cards as if they aren’t worth the recycled plastic they’re made of. In those places, cold cash is the [...]
IRS Halts Support Of Refund Anticipation Lenders
Washington, DC – Advocates at the Consumer Federation of America (CFA) and the National Consumer Law Center (NCLC) applauded today’s announcement by the Internal Revenue Service that it will discontinue a service that aided banks in making high cost refund anticipation loans (RALs) to the working poor. The IRS has been providing a service called [...]
ID Thefts: Tips To Protect You From The IRS
Top 10 Things Every Taxpayer Should Know about Identity Theft Taxpayers need to be careful to protect their personal information. Identity thieves use many methods to steal personal information and then they use the information to file a tax return and get a refund. Here are 10 things the IRS wants you to know about [...]
IRS Tax Tip: Deduct Job Search Expenses
Did you know that you may be able to deduct some of your job search expenses on your tax return? Many taxpayers spend time during the summer months updating their résumé and attending career fairs. If you are searching for a job this summer, you may be able to deduct some of your expenses on [...]
First-Time Homebuyer Credit Purchases Extended To Sept. 30 For Closings
The deadline for the completion of qualifying First-Time Homebuyer Credit purchases has been extended. Taxpayers who entered into a binding contract before the end of April now have until September 30, 2010 to close on the home. The Homebuyer Assistance and Improvement Act of 2010, enacted on July 2, 2010, extended the closing deadline from [...]
IRS Tax Relief For Connecticut Due To Storms
WASHINGTON — Connecticut taxpayers who were unable to meet federal tax obligations because of severe storms and flooding March 12 may qualify for tax relief from the Internal Revenue Service. On May 28, the President declared that taxpayers in Fairfield, Middlesex, New Haven, New London and Windham counties qualify for individual assistance as a result [...]
Congressional Aides: Excellent Place For Consumers To Go For Help
Congressmen, for many people, have about the same credibility as journalists and used car salesman. But congressional aides are a much different story: at least they should be. They are a wonderful resource for consumers to turn to when they run into roadblocks or questions dealing with the federal bureaucracy and other issues. Every member [...]
ETF Tax Traps: Watch Out For Currencies And Commodity Exchange Traded Funds
Exchange Traded Funds (ETF) can be great investment vehicles, letting you tailor your investment with more precision – and frequently with less expense – that mutual funds. Many can also reduce your tax bill. However, these financial instruments which represent a basket of assets that trade like stocks, can take a bite out of you [...]
Personal Finance Advisor: 2010 Is A Good Year To Hire One
If there is ever a year to hire a personal financial counselor it is 2010. This is the year that Congress is letting everyone – no matter how high your income – to transfer your IRA into a Roth IRA, which has many advantages and some disadvantages. This is the year that you will want [...]
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